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Gold’s pushing into a fresh supply zone around 4980-5000 after a clean BOS to the downside. There’s an unfilled FVG sitting between 4800-4950 that price might partially fill before continuing down. Key thing I’m watching — if we get a rejection at the 50% mark of that FVG with a bearish ChoCH on the lower timeframe, that’s the entry. SL above the supply zone, first TP around 4550 where there’s resting liquidity, second target down at 4500 swing low. Distribution looks textbook Wyckoff re-distribution. Not rushing in though — waiting for that LTF confirmation before pulling the trigger. Anyone else tracking Gold here? What’s your read? Title: XAUUSD 1H — watching this supply zone for a short setup Body: Gold’s pushing into a fresh supply zone around 4980-5000 after a clean BOS to the downside. There’s an unfilled FVG sitting between 4800-4950 that price might partially fill before continuing down. Key thing I’m watching — if we get a rejection at the 50% mark of that FVG with a bearish ChoCH on the lower timeframe, that’s the entry. SL above the supply zone, first TP around 4550 where there’s resting liquidity, second target down at 4500 swing low. Distribution looks textbook Wyckoff re-distribution. Not rushing in though — waiting for that LTF confirmation before pulling the trigger. Anyone else tracking Gold here? What’s your read submitted by /u/tradeconfluxAi to u/tradeconfluxAi |